Odaily星球日报讯 QCP Capital 在官方频道发文表示，在缺乏美国宏观催化剂的情况下，BTC 在 62,000 和 64,000 之间震荡。今天需要关注的关键宏观事件包括美国 GDP 数据和美联储主席鲍威尔的讲话。市场将密切关注鲍威尔的讲话，以了解在上周四 FOMC 新闻发布会后情绪是否有任何变化，会议上可能暗示进一步放松。昨晚，美国总统候选人卡马拉·哈里斯重申了她对加密货币的支持，这是本周第二次承诺将美国打造成“人工智能、量子计算和区块链”的主导力量。她还重申了在其经济计划中包含“数字资产”。随着两位美国总统候选人承诺支持加密货币，无论哪位候选人当选，对美国加密生态系统都是一场胜利。随着全球各国央行开启宽松周期，预计流动性涌入将推动加密价格上涨。

QCP Capital：关注美联储讲话，各国央行宽松周期下，将推动加密价格上涨

Odaily Odaily News QCP Capital posted on its official channel that BTC is fluctuating between 62,000 and 64,000 in the absence of US macro catalysts. Key macro events to watch today include US GDP data and a speech by Fed Chairman Powell. The market will be watching Powell&#39;s speech closely to see if there is any change in sentiment after last Thursday&#39;s FOMC press conference, where further easing may be hinted at. Last night, US presidential candidate Kamala Harris reiterated her support for cryptocurrencies, pledging for the second time this week to make the United States a leading force in &quot;artificial intelligence, quantum computing and blockchain.&quot; She also reiterated the inclusion of &quot;digital assets&quot; in her economic plan. With both US presidential candidates pledging to support cryptocurrencies, it will be a win for the US crypto ecosystem no matter which candidate is elected. As central banks around the world begin an easing cycle, the influx of liquidity is expected to drive crypto prices higher.

QCP Capital: Pay attention to the Fed's speech. The easing cycle of central banks will drive up the price of cryptocurrencies

According to Arthur Hayes, the co-founder of BitMEX, based on the Federal Reserve's historical response to "high volatility", we know that once they start cutting interest rates, they usually continue to lower them until rates approach 0%. Furthermore, we also understand that the growth of bank credit must be accompanied by an acceleration of interest rate cuts. The Federal Reserve will continue to cut interest rates, and the banking system will continue to release more US dollars. Regardless of who wins the US presidential election, the government will also continue to borrow to gain public support.

The European Central Bank will address the economic downturn by lowering European interest rates. At the same time, governments will begin to compel banks to lend more to local businesses in order to provide employment opportunities and rebuild the increasingly collapsing infrastructure.

As the Federal Reserve cuts interest rates and US banks extend more credit, the US dollar will weaken. This will allow the Chinese government to increase credit growth while maintaining a stable exchange rate between the US dollar and the Chinese yuan. If the Federal Reserve prints money, the People's Bank of China can also take the same measures. This week, the Chinese central bank announced a series of interest rate cuts, and this is just the beginning.

If other major economies are currently easing their monetary policies, the pressure on the Bank of Japan to raise interest rates quickly will be reduced. The Governor of the Bank of Japan has clearly stated that he will achieve interest rate normalization. However, considering that the interest rates of other countries are declining to the low level he has set, he does not need to catch up so quickly.

The world's major economies are once again suppressing the volatility of their countries or economic blocs by lowering the price of money and increasing the money supply. If you have already invested in cryptocurrencies on a cross margin basis, relax and watch the fiat value of your investment portfolio soar.

Arthur Hayes: Global monetary easing trend will drive crypto market up

QCP Capital's latest report indicates that driven by the massive stimulus measures of the People's Bank of China, the Shanghai Composite Index (SSE) rose 4.15% today. The central bank cut the reserve requirement ratio by 50 basis points, releasing 1 trillion yuan in loan funds, and launched a 500 billion yuan stock market investment fund plan. Commodity prices responded positively to this, with Brent crude oil rising 2.35% and copper prices rising 2.32%. China's strong policy actions, following the U.S. Federal Reserve's 50 basis point rate cut, indicate that the global rate cut trend will continue, providing strong support for asset prices in the short term. In the options market...

QCP: ETH implied volatility is 9% higher than BTC. The market is optimistic about ETH's upward trend and expects greater volatility.

Although I have experienced many losses, overall I am still profitable.

Arthur Hayes' new article: My macroeconomic forecasts have only been correct 25% of the time in recent years, but crypto investments are still profitable